Financial Aid

Financial Aid Process

Planning to cover tuition, books, housing, meals, and miscellaneous expenses during graduate school requires advanced planning. Lynette Lorenzetti, Senior Associate Director of Financial Aid for Graduate and Professional Programs, is available to provide you with information and options as you develop your financial plan. Feel free to contact her at 336-278-7640 or lorenzet@elon.edu. She can assist you with overall planning. �þ�� who need financial assistance beyond their scholarship and apprenticeship stipend will want to talk with her about when, how and for what type of student loans to apply. Should you require a student loan, she can also advise you on how to minimize your debt.

When to Apply for Financial Assistance

�þ�� should apply as early as possible, and certainly no later than mid-June, to ensure loan proceeds will be available at the commencement of the fall term. You do not need to wait until you have been admitted into the MHE program to begin the financial aid application process. However, students will not be notified of aid eligibility until they are admitted.

How to Apply for Student Loans

If you intend to apply for the Federal Unsubsidized Loan for the upcoming academic year, we encourage you to submit your FAFSA at the time you apply for admission. For example, if you plan to enroll in fall 2026, you will fill out the . Go ahead and become familiar with loans by visiting the , where the current year’s application will be updated in early October.

Complete and submit the Elon Graduate Financial Aid Application in your student portal.
Complete and submit electronically the . Elon’s Federal Title IV School Code is 002927.

Student Loan Programs

The Federal Unsubsidized Student Loan Program

The primary source of financial assistance for MHE students attending �þ�� will be the federal Unsubsidized Student Loan Program. Graduate students may borrow up to $20,500 through the Unsubsidized Loan program. The student will be charged interest from the time the loan is disbursed until it is paid in full. If the interest is capitalized (allowed to accumulate) it will be added to the principal amount of the loan and will increase the amount the borrower will have to repay. If the choice is made to pay the interest as it accumulates, the total interest charges paid during repayment will be considerably less. The maximum unsubsidized loan for graduate and professional study is $20,500 per year.

The total amount a graduate or professional student may borrow from all Unsubsidized Loans combined is $100,000 . The graduate borrowing limit does not include any federal loans received for �þ�� study.

Under current law, the fixed interest rate charged on Federal Unsubsidized Loan is set each year by the Department of Education at the beginning of July. There are also small origination and guarantee fees associated with the loan. These fees are deducted up front and thus lower the actual amount of each disbursement.

Repayment of the Unsubsidized Loan begins six months after graduation or withdrawal from the MHE Program. This is called the grace period. During the grace period on an Unsubsidized loan, no payment of any principal is due.

The Federal Unsubsidized Loan is disbursed once per term. For more information, visit elon.edu/finaidborrow. First-time borrowers are required to complete student loan entrance counseling and a Master Promissory Note, which are available at .

First-time borrowers are required to complete student loan entrance counseling and a Master Promissory Note, which are available at .

Private Loan Options

For students who need financial assistance beyond the $20,500 federal Unsubsidized Loan maximum, there are various private lender loan options. These loans allow for the deferment of repayment while the student is enrolled in the DPT program. The maximum amount a student may borrow for any of the private loans options is the for the MHE Program; less any federal Unsubsidized Loans and other forms of financial aid a student may be receiving.

You can find a listing of the most popular private loans our current students are using at the . Be sure to look at the loans carefully as the lenders are free to set interest rates and repayment options individually so each one will be different.

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